First Trust Managed Municipal ETF (NASDAQ:FMB) Position Trimmed by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lessened its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.8% during the 4th quarter, HoldingsChannel reports. The fund owned 312,772 shares of the company’s stock after selling 41,823 shares during the period. Sequoia Financial Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $15,955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dopkins Wealth Management LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at approximately $201,000. OneDigital Investment Advisors LLC grew its stake in shares of First Trust Managed Municipal ETF by 5.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after buying an additional 19,917 shares in the last quarter. BCGM Wealth Management LLC grew its stake in shares of First Trust Managed Municipal ETF by 5.8% in the 3rd quarter. BCGM Wealth Management LLC now owns 107,199 shares of the company’s stock valued at $5,570,000 after buying an additional 5,885 shares in the last quarter. Prospera Financial Services Inc grew its stake in shares of First Trust Managed Municipal ETF by 48.0% in the 3rd quarter. Prospera Financial Services Inc now owns 67,596 shares of the company’s stock valued at $3,513,000 after buying an additional 21,932 shares in the last quarter. Finally, Cypress Capital Group grew its stake in shares of First Trust Managed Municipal ETF by 28.9% in the 3rd quarter. Cypress Capital Group now owns 33,450 shares of the company’s stock valued at $1,738,000 after buying an additional 7,500 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $50.88 on Thursday. The business has a 50 day simple moving average of $51.09 and a 200 day simple moving average of $51.38. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

First Trust Managed Municipal ETF Profile

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.